ITC dips 3% as investors book profit post December quarter results

Shares of ITC were trading 3 per cent lower at Rs 226 on the BSE in Friday's intra-day trade as investors booked profit in the counter following the firm's December quarter numbers. The company, on Thursday, reported an 11.6 per cent drop year-on-year (YoY) in its consolidated profit to Rs 3,663 crore in the December quarter (Q3FY21). The profit was impacted by lower operating profit and higher tax provisioning. The board declared an interim dividend of Rs 5 per share.

With today’s decline, the stock of ITC has slipped 8 per cent from its 52-week high level of Rs 239